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Vacancy Rates

 A Measure of Rental Supply and Demand

Vacancy rates are a measure of rental supply and demand.

A high vacancy rate means there are more housing units available for rent than people need. A low vacancy rate means there are more people that need rental housing than there are units available.

 Calculating Vacancy Rates

Vacancy rates are calculated by dividing the number of vacant units by the total number of units. A unit is considered 'vacant' if it is unoccupied and ready to be rented. Vacancy rate data applies only to rental units that are part of a building that has at least three rental units.

We receive vacancy rate data as part of the Rental Market Report, which is published annually by the Canada Mortgage and Housing Corporation (CMHC). This data is reported for the Toronto CMA on a municipal basis.

 Vacancy Rate Data

Vacancy rate data tables for Peel, it’s area municipalities, and the Toronto CMA can be found on our Open Data site under Economic Activity.

 Other Resources

CMHC Housing Market Information Portal

The Housing Market Information Portal offers easy-to-use access to the latest, and most authoritative, housing market data. It is possible to access data for Brampton, Caledon and Mississauga, down to the Census Tract level.

Building Permits

The monetary value and the number of residential units created from issued building permits.

Glossary

Please send comments and questions to:

Peel Data Centre
Region of Peel
Service Innovation, Information and Technology Department,
Information Management Division
10 Peel Centre Dr., Suite A, 6th Flr.
Brampton, ON L6T 4B9